GoPro (GPRO): Price Target and June Short Interest Disclosure

GoPro (GPRO) stock is expected to deviate a maximum of $4.22 from the average target price of $12.68 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $21 and the most muted being $7.

GoPro (GPRO), According to the latest information the short interest in GoPro, Inc. – Class A Common Stock shot up by 10.6% or 2,843,281 shares. The final shorts are 32.2% of the total floated shares. The positions increased from 26,882,857 shares on June 15,2016 to 29,726,138 on June 30,2016. According to the per-day average trading of 6,788,285 shares, the days to cover are 4. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Longbow Research initiates coverage on GoPro (NASDAQ:GPRO). The rating major has initiated the coverage with neutral rating on the shares. The rating by the firm was issued on June 14, 2016.


GoPro (NASDAQ:GPRO): On Thursdays trading session , Opening price of the stock was $12.6 with an intraday high of $12.72. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.24. However, the stock managed to close at $12.28, a loss of 1.21% for the day. On the previous day, the stock had closed at $12.43. The total traded volume of the day was 5,361,381 shares.

GoPro, Inc. produces mountable and wearable cameras and accessories, which the Company refers to as capture devices. Additionally, the Company develops and provides desktop editing software and mobile applications for free to consumers. The Company offers HERO line of capture devices, which include HERO2, HERO3 camera, the HERO3+ camera and the HERO4 and HERO. The Company also provides a selection of mounts designed to enable consumers to capture content while engaged in a range of activities. This includes equipment-based mounts, such as the helmet, handlebar, roll bar, as well as grip and tripod mounts. The Company also offers two software applications: GoPro Studio and GoPro App. GoPro Studio is a video editing tool that allows users to create videos from their GoPro content. The GoPro App allows users to control their GoPro cameras remotely using a smartphone or tablet. Its capture devices are sold through retailers, wholesale distributors and on the Companys Website.

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